Property Details


Listing ID: 160018472
Price: $700,000
Address: 172-174 WILLIAMS AVE
City: JC, West Bergen
State: New Jersey
Postal Code: 07304
Total Baths: 4
Full Baths: 4
County: Hudson
$49,999 PRICE IMPROVEMENT! INVESTMENT OPPORTUNITY! ~8% Cap Rate based on projected Net Operating Income. Included in this package is two 2-family homes sitting on three separate land parcels. This opportunity is perfect for a local investor or even an owner occupant looking for a low maintenance property. The first floor units (A-line) are 2 Bed/1 Bath while the second floor units (B-line) are 3 Bed/1 Bath all four units are currently occupied, but are on month-to-month lease agreements. The low maintenance property has been meticulously maintained by the current owner & was completely upgraded three years ago with 4 separate hot water heaters, 4 gas boilers, 4 electric meters, & 4 gas meters. The owner also installed all new windows & redid the vinyl siding exterior just 5 years ago. Three of the four units had cosmetic updates done over the last few years. Seller is currently renovating all of the bathrooms. The Tenants pay their own heat, gas, & electric while the owner is responsible for water/sewer, insurance, & real estate taxes. Countless options for the next buyer to create additional cash flow including installing coin laundry in the basement & potentially converting the third parcel behind the two properties into rental parking (covered or uncovered). The location can't be beat - a short walk to buses, shops, and restaurants. Schedule a showing today!

Primary Features

Approximate Lot Size: 50X150
Block: 19102
County: Hudson
Elevators: no
Number of Stories: 2
Property Type: Commercial Investment
Sale/Rent: For Sale

Additional

DOM: 119
Fuel: Gas
Items Excluded: Owners Personal Belongings.
Items Included: All Major Installed Appliances.

Interior Features

Number of Units: 4
Total Number of 2BR: 2
Total Number of 3BR: 2

Location Information

Between: Bennet St & Morton St

External Features

Broker Sign: yes
Number of Parking Spaces: 4+

Financial Details

Expense Sheet Attached: yes
Taxes: 16164

Zoning Info


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Listing courtesy of COURT STREET PROPERTY GROUP (201)-822-1850.
Data services provided by IDX Broker